Nektar Therapeutics’ (NKTR) Buy Rating Reiterated at Canaccord Genuity

Canaccord Genuity reaffirmed their buy rating on shares of Nektar Therapeutics (NASDAQ:NKTR) in a research report released on Wednesday, January 10th, The Fly reports. They currently have a $80.00 target price on the biopharmaceutical company’s stock, up from their prior target price of $50.00.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Nektar Therapeutics from a hold rating to a sell rating in a research report on Tuesday, January 9th. Mizuho reiterated a buy rating and issued a $45.00 price objective (up previously from $30.00) on shares of Nektar Therapeutics in a report on Wednesday, November 8th. Cowen started coverage on shares of Nektar Therapeutics in a report on Tuesday, November 7th. They issued an outperform rating on the stock. Canaccord Genuity Group boosted their price objective on shares of Nektar Therapeutics from $35.00 to $50.00 and gave the stock a buy rating in a report on Wednesday, November 15th. Finally, Jefferies Group restated a buy rating and issued a $35.00 target price on shares of Nektar Therapeutics in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. Nektar Therapeutics presently has a consensus rating of Buy and an average target price of $42.50.

Nektar Therapeutics (NKTR) traded down $2.26 during mid-day trading on Wednesday, reaching $69.74. 3,684,000 shares of the company’s stock traded hands, compared to its average volume of 2,813,810. The stock has a market cap of $10,990.00, a PE ratio of -98.23 and a beta of 1.81. The company has a debt-to-equity ratio of 2.91, a current ratio of 4.14 and a quick ratio of 3.99. Nektar Therapeutics has a 12-month low of $11.41 and a 12-month high of $75.33.

Nektar Therapeutics (NASDAQ:NKTR) last announced its quarterly earnings data on Tuesday, November 7th. The biopharmaceutical company reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.16. Nektar Therapeutics had a negative net margin of 42.08% and a negative return on equity of 190.68%. The company had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $126.50 million. During the same period in the previous year, the company earned ($0.32) EPS. The business’s quarterly revenue was up 321.2% compared to the same quarter last year. equities analysts anticipate that Nektar Therapeutics will post -0.75 earnings per share for the current year.

In other Nektar Therapeutics news, Director Christopher A. Kuebler sold 30,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $58.66, for a total value of $1,759,800.00. Following the completion of the sale, the director now owns 70,500 shares in the company, valued at approximately $4,135,530. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Stephen K. Doberstein sold 396,323 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $29.00, for a total transaction of $11,493,367.00. Following the transaction, the senior vice president now owns 52,016 shares in the company, valued at approximately $1,508,464. The disclosure for this sale can be found here. Insiders sold 614,017 shares of company stock valued at $20,587,527 over the last quarter. Insiders own 5.44% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. bought a new stake in Nektar Therapeutics in the 3rd quarter valued at $129,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Nektar Therapeutics by 14.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,603 shares of the biopharmaceutical company’s stock worth $110,000 after acquiring an additional 692 shares during the period. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of Nektar Therapeutics by 79.4% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 6,100 shares of the biopharmaceutical company’s stock worth $146,000 after acquiring an additional 2,700 shares during the period. Flinton Capital Management LLC lifted its holdings in shares of Nektar Therapeutics by 75.7% during the 2nd quarter. Flinton Capital Management LLC now owns 7,872 shares of the biopharmaceutical company’s stock worth $154,000 after acquiring an additional 3,392 shares during the period. Finally, Riverhead Capital Management LLC lifted its holdings in Nektar Therapeutics by 78.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 8,754 shares of the biopharmaceutical company’s stock valued at $171,000 after purchasing an additional 3,854 shares during the last quarter. Institutional investors and hedge funds own 96.01% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was first posted by BBNS and is the property of of BBNS. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://baseballnewssource.com/markets/canaccord-genuity-reaffirms-buy-rating-for-nektar-therapeutics-nktr/1822896.html.

About Nektar Therapeutics

Nektar Therapeutics is a biopharmaceutical company that discovers and develops medicines in areas of high unmet medical need. The Company’s research and development pipeline of new investigational drugs includes treatments for cancer, auto-immune disease and chronic pain. It leverages its chemistry platform to discover and design new drug candidates.

The Fly

Analyst Recommendations for Nektar Therapeutics (NASDAQ:NKTR)

Receive News & Ratings for Nektar Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nektar Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.